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Updated EW count

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#21 Entropy2.0



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Posted 23 May 2006 - 04:57 PM

Thanks mss/Rodger...likewise, and I appreciate there are many thoughtful and well mannered folks such as yourselves at TT.

The major issue is I utilize trader sentiment as a primary tool, but its become impossible to discuss it without someone taking offense and starting a fight on FF....so its best I don't talk about it on TT at all I think. I also use Elliot wave....which pretty much gets the same reaction.

Bottom line is I'm not finding any benefit to posting, and alot of negative's...so unless that changes I will keep my posting to a minimum, and only on swing board where there's less emotionally driven folks.

But as said, I will still post very occasionally on the swing board, or at my blog and then link it as below today.

Filed under: Stock Market — entropyhome @ 1:49 pm Edit This

"My bet is Very limited upside, Spx 1275-1280 likely the best price will do, and I then expect significant new lows….at least 1240…..but i'm also looking at a move down to 1200…can't tell until the next peice of the puzzle unfolds.

Predicting for today - Gap up gets closed, but maybe one more rally attempt tomorrow ( thur) to retest highs..then down we go."

Best If you read full 'sentiment' comments at my blog.


Here's an update to that signal chart (with all the red/green signals) I posted couple days ago with this comment -
"There's alot of 'fuel' for a rally, but 4 key indicators I have are all suprisingly saying the downside is not done yet....even if its just 'bottoming'...so I'm guessing of a break of the 200ma on spx to 1245-1255 for a low...where I will finally look to get long for a bounce IF these indicatos turn bullish the Intermediate"

OK - so now its into buy zone, we have broken 200ma into that key 1245-1255...other key indicators are not in place to I'm still looking for lower prices as above.

Posted Image


Edited by entropy, 23 May 2006 - 05:00 PM.

Don't follow the hand, look for the men behind the curtain.